Daily Market Analysis
2025-02-20
Review our intraday commentary to learn how we interpret price action and build a market narrative.
Drag the blue slider to reveal the day's price action. Dots on the timeline represent comments and can be clicked. View the table below for all market-related comments and annotated charts (including those from after hours).
Abbreviated Comments View all
Click to expand content and reposition slider.
| 09:58:34 Pete |
Well... those were long red candles and there was some volume. The SPY also took out $611 with ease. I would not be looking to the long side here. |
|---|---|
| 10:15:20 Pete |
Exit Short CMG $52.99 for $.25 gain |
| 10:18:47 Pete |
 |
| 10:19:58 Pete |
This is NOT a buy on support market. We need to expect a bounce that is fairly tall after a drop like that and we need to watch for resistance. When this bounce stalls, we short. |
| 10:34:19 Pete |
Financials are weak. |
Limited Access Only
Become a OneOption member to view all Daily Market Comments. Please visit our Start Here page to learn more about our system and how to become a member via our Free Trial.
Start Free Trial